Tag: Dealer News

Englewood Cliffs, N.J.-based Trinity Auto filed for Chapter 11 bankruptcy Jan. 2 due to a lack of funding, rising costs and reduced consumer demand.  Trinity Auto, which does business ...

As we entered 2025, I wrote in the Auto Finance News January 2025 edition of Off the Lot that I believed the “roaring ’20s” were still intact. However, ...

Tricolor Holdings’ outstanding tax debts, estimated at $4 million, may be paid by backup servicer Vervent with Tricolor funds. The ...

Automakers, lenders and dealers have seen challenges this year from higher manufacturing costs due to tariffs, mixed consumer demand and changing regulations, and while some expect growth to slow unless ...

As Tricolor’s fraud was discovered, former execs allegedly looked to AI for advice. The chatbot drew parallels to Enron. A ...

As dealers grappled with slowed consumer demand, weak economic sentiment and record low customer traffic in 2025, the automotive market ...

A new lawsuit alleges former Tricolor Chief Executive and co-founder Daniel Chu received tens of millions in compensation from the ...

In the first bankruptcy court hearing after the indictment of several Tricolor executives, Judge Michelle Larson allowed the sale of ...